Dollar Dumps Most In 7 Years After Dudley Doldrums

The US Dollar Index is crashing the most since QE1 was unleashed in Q1 2009. Following The Fed's Dudley-isms this morning desperately jawboning some dovishness back into markets, the USD has plunged but the ubiquitous risk-on rally in stocks is very evidently missing as USDJPY soars back above BoJ NIRP levels. Today's plunge is bigger than Dec 2015's ECB fail drop...

As Yen soars almost 3% in the last 24 hours, US Index is plunging against all the majors...

When a doctor gets sick and another doctor doctors him, does the doctor doing the doctoring have to doctor the doctor the way the doctor being doctored wants to be doctored, or does the doctor doing the doctoring of the doctor doctor the doctor as he wants to do the doctoring?

Today is the 3rd or 4th time in 2 weeks the US dollar has dumped more than 200 basis points on the Canadian dollar. Either Canada's economy is not as bad as thought or there's massive deleveraging in the CAD/USD trade and serious trouble in the US with the talk of QE4/NIRP and the Fed standing pat.. I mean, it's dropped 900 basis points off the high of 1.4692 a few weeks ago. Could we drop to 1.35 or less soon? Hard to say..

Today is the 3rd or 4th time in 2 weeks the US dollar has dumped more than 200 basis points on the Canadian dollar. Either Canada's economy is not as bad as thought or there's massive deleveraging in the CAD/USD trade and serious trouble in the US with the talk of QE4/NIRP and the Fed standing pat.. I mean, it's dropped 900 basis points off the high of 1.4692 a few weeks ago. Could we drop to 1.35 or less soon? Hard to say..

This is classic. The Fed tells us for years how awesome everything is yet we had ZIRP and QE all the while, then we get a token(or fake) 25 bps rate hike, and a few weeks later they are talking dovishly? You can't make this shit up.

clueless, their dot charts are not working. ha, maybe, just maybe if they left the building and got in touch with a few real economists, such as stockman or even check with the bond king, hey, they might even be able to steer the titanic from a direct hit to a glancing blow to the starboard. either way it's goin down...

The Fat Lady is Singing! It doesn't matter: jawboning, PPTing, lies and rumors...they're done, nobody trusts them, it won't matter if they message no further rate increase or if they start pumping QE again, gravity has the boulder and it's GOING DOWN!